Kenya, Tanzania mining reforms earn them poor investor ratings
A miner inside the Bulyanhulu gold mine in northern Tanzania. The country has been ranked as the fourth least attractive mining destination in Africa. PHOTO | FILE
Just when Kenya and Tanzania are undertaking reforms to ensure their mining sector plays a central role in economic growth, a report by Canada’s Fraser Institute has cast a dark cloud on its attractiveness, after ranking them at the bottom of the pile.
Its Annual Survey of Mining Companies 2017 index ranks Kenya as the second worst mining destination in the world, after Guatemala, and the worst in Africa.
